Thursday, November 14, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, November 13, 2020
DoTax: Collections Down, Down, Down
By News Release @ 12:08 AM :: 3307 Views :: Hawaii Statistics, Taxes, COVID-19

DEPARTMENT OF TAXATION NEWS RELEASE: PRELIMINARY COMPARATIVE STATEMENT OF STATE GENERAL FUND TAX REVENUES OCTOBER 2020

News Release from DoTax, Nov 11, 2020

For October 2020, the fourth month of fiscal year (FY) 2021, the cumulative General Fund tax deposits are down by 8.0% compared with the same period in FY 2020.

General Excise and Use Tax (GET) collections, the largest single category of tax collections, were $221.9 million in October.

For FY 2021, cumulative collections of the GET are down by 25.1% from last fiscal year.

Individual Income Tax (IIT) collections were $191.4 million for October. Cumulative collections of the IIT are up by 24.7% from last fiscal year.

Transient Accommodations Tax (TAT) collections were $3.3 million for October. Cumulative collections of the TAT are down by 92.8% from last fiscal year.

This report includes income tax payments for Calendar Year 2019 that were paid in July 2020 instead of April 2020. If the payments were removed from FY2021 figures,

  • corporate income tax collections would be down by 36.8%,
  • IIT collections would be down 7.0%, and
  • General Fund collections would be down 20.5%

in FY2021 compared to the same period from the last fiscal year.

read … Full Release

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii